Gate News, a message: On April 12, Genius, a Perp DEX trading terminal supported by YZi Labs, released the details of its Q1 airdrop campaign. A total of 70 million GENIUS tokens will be allocated. Users can choose from two claiming methods: if they choose to claim immediately within the 7-day claiming window, they will face a 70% automatic burn penalty—meaning they can only receive 30% of their allocated amount, while the remaining 70% will be permanently destroyed; if they choose not to take action, the token allocation will be locked in a smart contract for one year, and after the lockup ends, users can claim 100% of the allocation. Genius said this mechanism is intended to attract community members whose goals align with long-term objectives and to prevent short-term speculation.
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